Imagine you have developed a device that can be used to tell whether uncooked meat has been irradiated. Several smaller retail chains have agreed to carry your product, but a large discount retailer has asked you to sell the device to it for a substantially lower price. What is the large discount retailer asking you to practise?

a. price discrimination
b. channel control pricing
c. unfair trade practices
d. price fixing

Ans: a. price discrimination

Business

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You take an application over the phone. Which of the following must occur within three business days of a potential borrower submitting an application for a loan?

a. Submit the application to the lender for underwriting b. Provide the borrower with confirmation of receipt of the application c. Hand-deliver or mail the Good Faith Estimate and Affiliated Business Disclosure d. Hand-deliver or mail the Good Faith Estimate and TIL Disclosure

Business

Average flow time resulting from cycle inventory is equal to

A) Cycle Inventory/Demand = Q/2. B) Cycle Inventory/Demand = Q/2D. C) Cycle Inventory = Q/2. D) Cycle Inventory = Lot Size = Q.

Business